The post Metis Paves the Path to True Decentralization with Rewards for Decentralized Sequencer Nodes and Users appeared first on Coinpedia Fintech News
Despite decentralization being a main pillar of blockchain technology, Layer 2 (L2) scaling solutions utilize single sequencers to organize transactions and put them in a block for validation. From a user’s standpoint, this means lower gas fees and faster finality, but this comes at the hefty price of centralization—counterintuitive to the ethos of Web3.
The L2 and rollup environments are currently vulnerable to single points of failure. If a single sequencer goes offline, the entire chain comes to a halt, as we have already seen with Arbitrum. This means a loss of opportunity for the user and a loss of trust in the project and technology.
Additionally, a single centralized sequencer also exposes an L2 to other vulnerabilities like front-running, transaction censorship, and denial of services. So, while centralized
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